Justify your answer

Each carries 1 mark.

1. Murabahah financing is an debt based financing widely used for house and motor vehicle financing by Islamic banks.( )

1. Murabahah to the Purchase Orderer is where it involves three parties, namely, the purchase orderer, the purchaser and the seller ( )

1. bai' bithaman ajil or bay' al-muajjal. It is basically a trade-deal

in which the buyer allows the seller to pay the price of a commodity at a future date in lump sump or installments

( )